Meaningful Risk?

You can read in many places that you should only risk 1% of your equity per trade.

It’s so prevalent that it’s almost taken as gospel. I think that’s a good thing as it promotes protecting your account and if you have a system with a decent risk return your winners ought to cover your losses leaving you nicely up – keeping it all gravy for you.

Now take a look at this chart showing a poll from the Wall Street Journal: